FOOD BANK FOR NEW YORK CITY (EIN 133179546) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

LESLIE GORDON

Phone

2125667855

Tax Period

2022-07-01 to 2023-06-30

FOOD BANK FOR NEW YORK CITY, founded in 1983, is a major nonprofit in the Community Improvement sector that reported $164.3M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year.

Mission

THE MISSION OF FOOD BANK FOR NEW YORK CITY IS TO END HUNGER BY ORGANIZING FOOD, INFORMATION AND SUPPORT FOR COMMUNITY SURVIVAL AND DIGNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $161,362,474

Program Service Revenue $2,956,997

Investment Income $352,839

Other Revenue $-411,944

TOTAL REVENUE $164,260,366

Expense Breakdown

Grants Paid $123,456,650

Salaries & Benefits $27,229,916

Fundraising Expenses $9,230,600

Program Expenses $147,076,605

Other Expenses $17,968,073

TOTAL EXPENSES $168,654,639

Year-over-Year Comparison

	2022	2021	Change
Revenue	$164,260,366	$187,094,963	-0.1%
Expenses	$168,654,639	$188,033,917	-0.1%
Net Income	$-4,394,273	$-938,954	+3.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

324

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$790,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR STAINMAN	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE GARFUNKEL	BOARD MEMBER	2.00	Director	$0	$0	$0
GLORIA PITAGORSKY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KATIE LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN FRISZ	BOARD MEMBER	2.00	Director	$0	$0	$0
KYRA SEDGWICK	BOARD MEMBER	2.00	Director	$0	$0	$0
LARY STROMFELD	EXECUTIVE VICE CHAIR	2.00	Officer Director	$0	$0	$0
LAUREN BUSH LAUREN	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLAS POITEVIN	BOARD MEMBER	2.00	Director	$0	$0	$0
PASTOR MICHAEL WALROND	BOARD MEMBER	2.00	Director	$0	$0	$0
REV HENRY BELIN	SECRETARY	2.00	Officer Director	$0	$0	$0
SERAINA MACIA	CHAIR	2.00	Officer Director	$0	$0	$0
LESLIE GORDON	PRESIDENT AND CEO	35.00	Officer	$460,701	$11,358	$472,059
VERONICA JARRETT	CFO	35.00	Officer	$270,326	$48,377	$318,703
CARMEN BOON	VP OF EXTERNAL AFFAIRS	35.00	Highest	$192,764	$45,566	$238,330
DENIS GARVEY	VICE PRESIDENT OF LOGISTICS	35.00	Highest	$195,933	$29,185	$225,118
JOVANNA RODRIQUEZ	CHIEF PEOPLE OFFICER	35.00	Highest	$217,194	$23,542	$240,736
MATTHEW HONEYCUTT	CHIEF DEVELOPMENT OFFICER	35.00	Highest	$306,876	$70,867	$377,743
ROBERT SILVIA	CHIEF PROCUREMENT OFFICER	35.00	Highest	$271,105	$46,960	$318,065

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$164,260,366	$168,654,639	$86,494,065	$-4,394,273
2022	$187,094,963	$188,033,917	$62,094,729	$-938,954
2021	$224,744,277	$210,304,136	$69,662,085	$14,440,141
2020	$144,517,137	$122,468,602	$57,044,886	$22,048,535
2019	$49,922,283	$50,002,737	$19,624,022	$-80,454
2018	$69,235,914	$67,531,963	$20,400,605	$1,703,951

FOOD BANK FOR NEW YORK CITY